Found 16 article(s) for author 'Robert Lawrence'

Manufacturing and Inclusive Growth: The Experience in the Rest of the World

Manufacturing and Inclusive Growth: The Experience in the Rest of the World. Robert Lawrence, 2017, Paper, “This report describes some of the results from the second phase of the research project on the role of manufacturing in inclusive growth. The first phase of the project examined the US experience. In the second phase, undertaken by Robert Lawrence and Danial Lashkari – a graduate student in the Harvard Department of Economics, the scope of the analysis has broadened to explore the experience of manufacturing employment growth in the rest of the world.Link

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Making US Trade and Investment Policies Work for Global Development

Making US Trade and Investment Policies Work for Global Development. Robert Lawrence, , Paper, “In an interconnected world, sustainable and inclusive economic growth in less developed countries helps to secure US interests and values. Economic development nurtures peaceful societies, reduces refugee flows, ameliorates humanitarian crises, expands markets for US exports, and safeguards human rights and other core US aspirations. Well-designed trade and investment policies are indispensable tools to achieve these objectives.Link

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Does Productivity Still Determine Worker Compensation? Domestic and International Evidence

Does Productivity Still Determine Worker Compensation? Domestic and International Evidence. Robert Lawrence, 2016, Book Chapter. “The American dream is that each generation should live twice as well as the previous one, and this requires that incomes rise at an annual rate of around 2 percent per year. At this pace, incomes will double every 35 years. Between 1947 and 1970, average real compensation in the US increased at annual rate of 2.6 percent—a pace that was actually faster than required to achieve the dream. But since 1970, the average real compensation of US workers has grown at less than 1 percent per year, and at that pace it would take almost a lifetime to see incomes double.Link

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Adjustment and Income Distribution Impacts on the TPP

Adjustment and Income Distribution Impacts on the TPP. Robert Lawrence, April 2016, Book Chapter. “Like all free trade agreements, the Trans-Pacifi c Partnership (TPP) will yield gains to the economy in general but force difficult adjustments on some workers and businesses. Peter A. Petri and Michael G. Plummer (2016) find that the agreement will benefi t the United States as a whole, raise real wages of both skilled and unskilled workers, and increase the real return to capital. It will, however, hurt some workers. In particular, some workers will be displaced by imports and lose income from being unemployed or earning less in their new jobs.Link

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What the WTO can learn from Paris climate talks

What the WTO can learn from Paris climate talks. Robert Lawrence, December 7, 2015, Opinion. “For many years, negotiators at the annual conferences of the United Nations Framework Convention on Climate Change looked longingly at how the World Trade Organization was able to negotiate effective international agreements. Ironically, the Paris climate talks that are scheduled to conclude on Friday and the WTO negotiations, which will take place next week in Nairobi, lead to the opposite conclusion. Trade negotiators should emulate the progress made in the climate change agreements by moving away from a simplistic division between developed and developing countries. For years, global climate change policy was hobbled by this division. In the Kyoto Protocol — the international agreement to reduce greenhouse-gas emissions — only developed countries committed to mandatory emissions reduction. Developing countries had no obligations. … Link

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China’s Rise and American Welfare

China’s Rise and American Welfare. Robert Lawrence, September 1, 2015, Book Chapter. “The strong performance of China over the past decade—and forecasts that it could be sustained in the decades ahead—does not meet acclaim in all quarters, especially the United States. US international economic policy has traditionally presumed that foreign economic growth is in the United States’ economic interest (as President John F. Kennedy once put it, “a rising tide lifts all boats”). When it comes to China’s rise, however, many are not so certain. The US public is worried primarily about jobs. When emerging economies grow rapidly…” Link

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Recent Declines in Labor’s Share in US Income: A Preliminary Neoclassical Account

Recent Declines in Labor’s Share in US Income: A Preliminary Neoclassical Account. Robert Lawrence, June 2015, Paper. “As shown in the 1930s by Hicks and Robinson, the elasticity of substitution is a key parameter that captures whether capital and labor are gross complements or substitutes. Establishing the magnitude of s is vital, not only for explaining changes in the distribution of income between factors but also for undertaking policy measures to influence it. Several papers have explained the recent decline in labor’s share in income by claiming that (elasticity of substitution) is greater than 1 and that there has been capital deepening…” Link

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China’s Rise and American Welfare

China’s Rise and American Welfare. Robert Z. Lawrence, May 7, 2015, Paper. “The strong performance of China over the past decade, and forecasts that it could be sustained in the decades ahead, does not meet acclaim in all quarters, especially the United States. American international economic policy has traditionally presumed that foreign economic growth is in America’s economic interest. As President Kennedy once put it, “a rising tide lifts all boats.” But when it comes to China’s rise, many are not so certain. The American public is primarily worried about jobs, and when emerging economies grow rapidly by exporting ...” Link

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Association of Southeast Asian Nations, People’s Republic of China, and India Growth and the Rest of the World: The Role of Trade

Association of Southeast Asian Nations, People’s Republic of China, and India Growth and the Rest of the World: The Role of Trade. Robert Lawrence, April 2013, Paper. “This paper explores the impact of past and future growth in the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC), and India—the ACI countries—on aggregate welfare, relative wages, and global emissions in the rest of the world. It outlines several analytical frameworks, considers effects over the past decade and, based on consensus forecasts, the implications of that growth for the rest of the world in the decades to come…” Link

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US Employment Deindustrialization: Insights from History and the International Experience.

US Employment Deindustrialization: Insights from History and the International Experience. Robert Lawrence, October 2013, Paper. “International factors, such as the dramatic increase in imports from emerging-market economies, especially China, have been widely blamed for the decline in manufacturing employment in the United States over the past decade. The authors argue, however, that far more important in causing that decline has been the slow overall growth in US employment and powerful historical forces that have affected all advanced economies: a combination of rapid productivity growth and demand that is relatively unresponsive to income growth and lower prices. To be sure, US manufacturing employment can grow in the short run. The labor content of the US manufacturing trade deficit remains significant and a vigorous US and global economic recovery could boost US manufacturing employment. Over the long run, however, absent new product innovations, or a shift in consumer preferences, the basic forces leading to declining manufacturing employment are unlikely to abate…” Link verified June 19, 2014

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